Author Topic: WTCL -- Wateen Telecom Limited  (Read 18201 times)

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Offline SBM

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Re: WTCL -- Wateen Telecom Limited
« Sticky post on: January 18, 2014, 01:49:07 AM »
I hate waking up.

Pakinvestorsguide

Re: WTCL -- Wateen Telecom Limited
« Reply #-1 on: January 18, 2014, 01:49:07 AM »

Offline Farzooq

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WTCL -- Wateen Telecom Limited
« on: January 31, 2010, 10:40:38 AM »
Wateen Telecom plans to offer 110 million shares: AHL financial adviser for proposed IPO

AHMED MALIK
KARACHI (January 31 2010): Wateen Telecom Limited (WTL) has planned to offer 110 million ordinary shares to the general public at a price of Rs 10 per share with a greenshoe option of 90 million shares, it is learnt. In this regard, WTL has applied for listing at Karachi Stock Exchange (KSE). Arif Habib Limited has been mandated to act as Financial Advisor and Arranger for the proposed Initial Public Offering (IPO) of Rs 2,000 million of the ordinary shares of Wateen Telecom Limited.

The IPO consists of 110 million ordinary shares to be issued at an offer price of Rs 10 per share with a greenshoe option of 90 million shares. The proceeds of the issue will be utilised in meeting financial obligations of the company and for the acquisition. Sources said that Arif Habib, being advisor and arranger of the proposed IPO, has formally contacted with the underwriters.

It has written a letter to some 50 institutions inviting them to participate in the underwriting consortium being arranged for the IPO. The Arif Habib has sent detailed Information Memorandum on the Company and the Transaction to the underwriters seeking their firm commitment to participate in the underwriting consortium.

The KSE witnessed only three IPOs in calendar year 2009 amid depressing values and investors risk aversion after one of the worst market crises. All these three IPOs held in the second half of the year, as no company came for listing at the KSE in the first half of the year. In the year 2008, out of total 10 IPOs, nine offerings were made before imposition of price floor.

Analysts say that IPOs is one of the major barometers of market development and instead of moving forward, Pakistan stock market is not growing in this regard. In the KSE history, the decade of 1990s was a booming period for IPOs when on an average approximately 30 offerings were made in a typical year thereby causing the listed firms at KSE to increase from 487 in 1990 to 767 in 2000.

Due to lesser offerings in the last 10 years coupled with mergers and acquisition, listed firms in Pakistan fell to just one percent of total registered companies. Analysts believe that the year 2010 would be better in this regard as more IPOs are expected this year.
« Last Edit: March 12, 2012, 08:36:46 PM by M&M »
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um@ir

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Re: WTL -- Wateen Telecom Limited
« Reply #1 on: January 31, 2010, 05:46:12 PM »
This could be a potential Trigger for Bank Alfalah  Let's see !!  :hug2:

Offline Research Doctor

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Re: WATL -- Wateen Telecom Limited
« Reply #2 on: January 31, 2010, 05:58:40 PM »
what is its relation with Bank alfalah???
From the above it seems that book runner is Arif Habib...........jo Fatima ko bhi le bhaga hai........yeh wateen ko bhi tabah ker de ga.....aur is ko lene waloon ko bhi...... so avoid recommended

Offline Farzooq

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Re: WATL -- Wateen Telecom Limited
« Reply #3 on: January 31, 2010, 06:35:31 PM »
what is its relation with Bank alfalah???
From the above it seems that book runner is Arif Habib...........jo Fatima ko bhi le bhaga hai........yeh wateen ko bhi tabah ker de ga.....aur is ko lene waloon ko bhi...... so avoid recommended

bafl is major shareholder of wateen
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Offline Ashar Shaikh

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Re: WATL -- Wateen Telecom Limited
« Reply #4 on: February 01, 2010, 12:49:06 AM »
its not profitable company as well. they recently fired their + 500 employee's to cut cost. I dont like Wateen.

Bank Alfalah, Wateen, Warid belongs to Abu Dabhi group company. Only Warid is profitable company in this group.

I think, IPO is trick to liquidate wateen assets and to take out group investment in order to prevent losses. its another Worldcall in term of share price.
« Last Edit: February 01, 2010, 12:53:27 AM by Ashar Shaikh »

Offline Tezihunt

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Re: WATL -- Wateen Telecom Limited
« Reply #5 on: February 01, 2010, 05:22:35 AM »
@ Ashar Sheikh

Timely warning!
 :goodpost:
Markets exist because of differences of opinion among investors.

Offline chaudhary111

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Re: WATL -- Wateen Telecom Limited
« Reply #6 on: February 01, 2010, 08:39:01 AM »
Watl ma b Arif Habeeb ha  and WTL ma b Nominee Arif Habeeb ha :smoky:

Offline Karuli

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Re: WATL -- Wateen Telecom Limited
« Reply #7 on: February 03, 2010, 06:00:44 PM »

um@ir

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Re: WATL -- Wateen Telecom Limited
« Reply #8 on: February 03, 2010, 08:50:11 PM »
  • Wateen telecom is Pakistan’s communication and media power house with the first mass market WiMax network covering 35 million businesses and home users in urban, surban and rural localities of Pakistan.
  • The company will be providing telecom & media services, ranging from international and long distance telephony, data, broadband internet, cable/digital & IP TV, VOD, video surveillance and video conferencing, making Pakistan the pioneer in implementation of all 21st century cutting-edge technologies.
  • The services will be implemented via state-of-the-art IP/MPLS technology used in nationwide multi-terabit capacity 5,500+ km fiber backbone, connecting all major cities, metro-area rings and last mile WiMax Wireless, FTTC, HFC & DTH networks to deliver true triple-play services to every home and business anywhere in the coverage area. The fiber optic network was completed in a record time.
  • Wateen is the largest alternative LDI operator in Pakistan managing a network in excess of 1 bn minutes per annum.
  • Wateen is the leading VSAT provider powering 3 of the 6 national mobile operators.
  • The services will be implemented via state-of-the-art IP/MPLS technology used in nationwide multi-terabit capacity 5,500+ km fiber backbone, connecting all major cities, metro-area rings and last mile WiMax Wireless, FTTC, HFC & DTH networks to deliver true triple-play services to every home and business anywhere in the coverage area. The fiber optic network was completed in a record time.
  • Wateen is the largest alternative LDI operator in Pakistan managing a network in excess of 1 bn minutes per annum.
  • Wateen is the leading VSAT provider powering 3 of the 6 national mobile operators.
  • Wireless broadband services are currently available in over 20 major cities providing true broadband services including voice, internet/data and IPTV services to both businesses and consumers.
  • Cable TV services have been successfully trailed in Lahore with service to be expanded to all major cities of the country.
  • Through recent acquisition of National Engineers, Wateen now provides a complete range of professional and managed services as well as being a Value Added Reseller (VAR) for many leading internationally reputed vendors such as CISCO, Alcatel, Sistronics etc.

Offline co2

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Re: WATL -- Wateen Telecom Limited
« Reply #9 on: February 16, 2010, 04:04:42 PM »
WATEEN TELECOM LIMITED - INITIAL PUBLIC OFFERING (Coming Soon)

Brief Term Sheet

Transaction:    Initial Public offering of ordinary Shares
Company:    Wateen Telecom Limited
No. of shares:    Up to 110,000,000 ordinary shares through IPO
     Up to 90,000,000 ordinary shares through Green-shoe Option
Issue price:    PKR10/- per share
Issue amount:    PkR 2,000,000,000/- (PkR 2.0 bn)
Advisors and Arrangers:    Arif Habib Limited
Participants/Investors:    Institutional investors and general public


IPO of Wateen

Wateen Telecom Ltd. is offering 110 mn shares with an additional Green-Shoe option of 90 mn shares amounting to PkR 2,000 mn. The IPO will be offered to Institutional investors and general public at a par value of PkR 10.0 per share.

The proceeds of the IPO would be utilized for

      (i) the repayment of company?s financial obligations amounting to PkR1.49 bn arising out of payment of LCs and;

      (ii) Acquisition of additional stake in the subsidiary company - Wateen Solutions (Pvt.) Ltd. by making a payment of PkR 490 mn.

Wateen Telecom Ltd. ? an overview

Wateen Telecom Ltd. offers a wide range of telecom services mainly Wimax, Fiber Optic and Satellite services to retail and corporate clients. Services offered by Wateen can be divided in the following broad categories:

      (i) Managed Services (Optic Fiber Cable)

      (ii) Wateen Solutions like Co-location / Tele-housing and System Integration.

      (iii) Broadband services offering Internet and Data Portfolio.

      (iv) Telephony which also includes Audio Conferencing, Video Telephony, Carrier Pre Select and Calling Card.

So far, Wateen has deployed Wimax network across the four provinces of the country, thus, attaining a market share of 60% with over 150,000 wireless broadband customers and 12,000 customers using broadband services over fiber optic. It has an optic fiber network across Pakistan including metro connectivity in 22 cities powering other telecom operators. It also holds 20% market share in the LDI business with more than 1 billion minutes of traffic volume. Moreover, Wateen provides Satellite services locally and to telecom operators in Afghanistan as well. It has built NGN (Next Generation Network) allowing it to of?fer differentiated products at a lower cost of delivery compared to its competitors.

Sponsors of the company

Wateen Telecom Limited, a group company of Abu Dhabi Group, commenced operations from May 1, 2005, by offering Long Distance International (LDI) services in Pakistan. Abu Dhabi Group is one of the largest business groups in the Middle East and the single largest foreign investor in Pakistan. It has diversified business interests, offering strong financial resources and extensive management expertise that result in commercial success for several institutions. Abu Dhabi Group owns Wateen through Warid Tele?com International and Bank Alfalah Ltd which hold 79.8% and 20.0% shares respectively.

- Warid Telecom Interna?tional LLC.

Warid Telecom has operations in four coun?tries and collectively entertains 27.7 million subscribers. Warid Telecom is a joint venture between Abu Dhabi Group & SingTel Group.

- Bank Alfalah Limited

Bank Alfalah Limited, the second major sponsor is a leading banking institution and has a 6.6% share in the overall commercial banking deposits in Pakistan as of 30 September, 2009. The bank has a presence in different cities of Pakistan with 321 branches in its banking network as of 31 December 2009.
An investor without investment objectives is like a traveler without a destination.  ~Ralph Seger

um@ir

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Re: WATL -- Wateen Telecom Limited
« Reply #10 on: February 16, 2010, 06:14:36 PM »
Hello Every one  !

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Exclusive content updated.

Say thanks by visiting our sponsors in the reports section. :)

 :speak_cool:

Offline Farzooq

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Re: WATL -- Wateen Telecom Limited
« Reply #11 on: April 04, 2010, 06:39:30 PM »
KARACHI (January 31 2010): Wateen Telecom Limited (WTL) has planned to offer 110 million ordinary shares to the general public at a price of Rs 10 per share with a greenshoe option of 90 million shares, it is learnt. In this regard, WTL has applied for listing at Karachi Stock Exchange (KSE). Arif Habib Limited has been mandated to act as Financial Advisor and Arranger for the proposed Initial Public Offering (IPO) of Rs 2,000 million of the ordinary shares of Wateen Telecom Limited.

The IPO consists of 110 million ordinary shares to be issued at an offer price of Rs 10 per share with a greenshoe option of 90 million shares. The proceeds of the issue will be utilised in meeting financial obligations of the company and for the acquisition. Sources said that Arif Habib, being advisor and arranger of the proposed IPO, has formally contacted with the underwriters.

It has written a letter to some 50 institutions inviting them to participate in the underwriting consortium being arranged for the IPO. The Arif Habib has sent detailed Information Memorandum on the Company and the Transaction to the underwriters seeking their firm commitment to participate in the underwriting consortium.

The KSE witnessed only three IPOs in calendar year 2009 amid depressing values and investors risk aversion after one of the worst market crises. All these three IPOs held in the second half of the year, as no company came for listing at the KSE in the first half of the year. In the year 2008, out of total 10 IPOs, nine offerings were made before imposition of price floor.

Analysts say that IPOs is one of the major barometers of market development and instead of moving forward, Pakistan stock market is not growing in this regard. In the KSE history, the decade of 1990s was a booming period for IPOs when on an average approximately 30 offerings were made in a typical year thereby causing the listed firms at KSE to increase from 487 in 1990 to 767 in 2000.

Due to lesser offerings in the last 10 years coupled with mergers and acquisition, listed firms in Pakistan fell to just one percent of total registered companies. Analysts believe that the year 2010 would be better in this regard as more IPOs are expected this year.
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Offline 007

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Re: WATL -- Wateen Telecom Limited
« Reply #12 on: April 04, 2010, 08:48:18 PM »
another kachra in the offing avoid

Offline Farzooq

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Re: WATL -- Wateen Telecom Limited
« Reply #13 on: April 07, 2010, 12:04:37 PM »
This is to inform you all that provisional trading in WTCL will commence on 8th April, 2010 and close date of Contract is 26th May, 2010. The settlement will take place on 31st May, 2010. The company is proposed to be formally listed w.e.f. 27th May, 2010 and accordingly the trading in the shares of the company will be shifted to Ready counter under T+2 settlement system
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Offline mazeem

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Re: WATL -- Wateen Telecom Limited
« Reply #14 on: April 08, 2010, 09:21:03 AM »
Should we buy from provisinal listing ?

At what rate?

Offline tariq^shah

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Re: WATL -- Wateen Telecom Limited
« Reply #15 on: April 08, 2010, 09:31:40 AM »
wateen market mien kab ayega aur us ka symbol kya hai

Offline mamu jee

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Re: WATL -- Wateen Telecom Limited
« Reply #16 on: April 08, 2010, 09:36:43 AM »
wateen market mien kab ayega aur us ka symbol kya hai
wtcl-pro.Today provisonal trading has been started :busted_blue:

Offline Farzooq

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Re: WATL -- Wateen Telecom Limited
« Reply #17 on: April 08, 2010, 09:48:07 AM »
Should we buy from provisinal listing ?

At what rate?

not recommended
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Offline mazeem

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Re: WTCL -- Wateen Telecom Limited
« Reply #18 on: April 08, 2010, 10:43:48 AM »
Eps 4.88 then why are you not recommending?

Offline Farzooq

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Re: WTCL -- Wateen Telecom Limited
« Reply #19 on: April 08, 2010, 11:11:24 AM »
Eps 4.88 then why are you not recommending?


You need to read it prospectus in detail http://www.arifhabibltd.com/
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